What's Going On With 1847 Goedeker Shares Today

1847 Goedeker Inc GOED has entered into a $140 million credit agreement with Bank of America N.A. as administrative agent.
Goedeker intends to use the credit agreement to fund future strategic and corporate initiatives.
Under the terms of the agreement, Goedeker will have access to a $100 million term loan and a $40 million revolving credit facility, which includes a $2 million Swingline sub facility and a $2 million letter of credit sub facility.
Each of the loans includes market terms and will mature in May 2027.
Price Action: GOED shares are trading higher by 9.77% at $1.46 on the last check Wednesday.

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